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> While it’s legal, it is not “normal” for VC funds to be backing out of a half dozen deals at the same time. Except that softbank vision fund is not a "normal
by elfexec 7y ago
> While it’s legal, it is not “normal” for VC funds to be backing out of a half dozen deals at the same time.
Except that softbank vision fund is not a "normal" VC fund. They many times larger than the largest VC fund.
https://en.wikipedia.org/wiki/List_of_venture_capital_firms https://en.wikipedia.org/wiki/List_of_venture_capital_firms
Softbank has $100 billion in assets. The 2nd closest VC fund has $17 billion. Proportionally, softbank backing out of 6 deals is like the 2nd VC fund backing out of 1 deal.